ABL Revolving Facility definition

ABL Revolving Facility means the Company's revolving credit facility entered into on July 28, 2022;

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ABL Revolving Facility means that certain eighth restated senior secured asset-based revolving credit facility of the Company, dated as of April 12, 2010, by and among the borrowers party thereto, including the Company, and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended to the date hereof.

ABL Revolving Facility has the meaning assigned to such term in the recitals hereto.

Examples of ABL Revolving Facility in a sentence

All FILO Credit Extensions shall be FILO Loans under the FILO Facility and all Letters of Credit and Swingline Loans shall constitute ABL Revolving Credit Extensions under the ABL Revolving Facility.
An Incremental ABL Revolving Facility may provide commitments for additional Tranche A Loans or Tranche A-1 Loans or may be in the form of a separate “first-in, last-out” tranche (subject to customary requirements consistent with the ABL Precedent Documentation).
In the event such reallocation does not fully cover the exposure of such Defaulting Lender, the Issuing Bank may require Borrowers to repay (or provide cash collateral for) such “uncovered” exposure in respect of the Letters of Credit and will have no obligation to provide Letters of Credit to the extent such Letters of Credit would result in the exposure of the non-defaulting Lenders exceeding their commitments under the ABL Revolving Facility.
Each Pledgor shall deliver a Perfection Certificate Supplement to the Collateral Agent on an annual basis; provided, that at any time that the ABL Revolving Facility is in effect, such Perfection Certificate Supplement shall be delivered to the Collateral Agent at the same time such certificate is delivered to the Bank Collateral Agent.
Same as the Existing ABL Facility (it being understood that prior to any mandatory prepayment of ABL FILO Loans (excluding, for avoidance of doubt, scheduled amortization prior to final maturity), all Best Efforts ABL Revolving Loans shall be prepaid in full and all letters of credit under the Best Efforts ABL Revolving Facility shall be cash collateralized).
Same as the Existing ABL Facility (including, from and after the closing of the Acquisition to the extent not a Borrower, the Target and its U.S. subsidiaries that would be required to become guarantors of the Existing ABL Facility in accordance with its terms (collectively, the “Guarantors”); provided that if any of the Borrowers under the Best Efforts ABL Revolving Facility is not a Borrower under the ABL FILO Facility, such Borrower will be a Guarantor with respect to the ABL FILO Facility.
Except as disclosed on Schedule 3.17 and except for fees payable to the Administrative Agent and Lenders (and the Senior Lien Agent and the Senior Lien Lenders pursuant to the ABL Revolving Facility), no Loan Party or any of its Subsidiaries has any obligation to any Person in respect of any finder’s, broker’s or investment banker’s fee in connection with the Term Loans.
Borrowers shall pay to Agent, for the account of Lenders (to the extent and in accordance with the arrangements by and among Lenders), on the daily outstanding balance of Letters of Credit, a letter of credit fee which shall accrue at a per annum rate equal to the Applicable LIBOR Rate Margin for the ABL Revolving Facility times the daily outstanding balance of the undrawn amount of all outstanding Letters of Credit, payable monthly in arrears.
If any Lender becomes a “Defaulting Lender”, then the Letter of Credit exposure of such Defaulting Lender will automatically be reallocated among the non-defaulting Lenders pro rata in accordance with their commitments under the ABL Revolving Facility up to an amount such that the revolving credit exposure of each such non-defaulting Lender does not exceed its commitments.
Indebtedness under the ABL Revolving Facility outstanding on the date on which Notes are first issued and authenticated under this Indenture will be deemed to have been incurred on such date in reliance on the exception provided by clause (1) of the definition of Permitted Debt.

More Definitions of ABL Revolving Facility

ABL Revolving Facility means, collectively, (i) that certain Credit Agreement, dated as of August 13, 2009, by and among Intermediate Holdco, as parent, the Company, as borrower, the lenders party thereto from time to time, as lenders, and ▇▇▇▇▇ Fargo Capital Finance, LLC (f/k/a ▇▇▇▇▇ Fargo Foothill, LLC), as the arranger and administrative agent, and (ii) that certain EXIM Guaranteed Credit Agreement, dated as of August 13, 2009, by and among Intermediate Holdco, as parent, the Company, as borrower, the lenders party thereto from time to time, as lenders, and ▇▇▇▇▇ Fargo Capital Finance, LLC (f/k/a ▇▇▇▇▇ Fargo Foothill, LLC), as the arranger and administrative agent, in each case as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time.

ABL Revolving Facility means that certain revolving credit and guaranty agreement, to be dated on or about August 6, 2004, by and among the Company, Stanadyne Automotive Holding Corp. and certain subsidiaries of the Company as guarantors, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Partners L.P., as sole bookrunner, sole lead arranger and syndication agent, The CIT Group/Business Credit, Inc., as administrative agent and collateral agent, and the lenders party thereto, providing for up to $35.0 million of revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case, as amended, supplemented, restated, modified, renewed, refunded, restructured, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.

ABL Revolving Facility means that certain revolving credit and guaranty agreement, to be dated on or about the Issue Date, by and among the Company and certain Subsidiaries of the Company as borrowers or guarantors, UBS Securities LLC, as book runner and arranger, UBS AG, as administrative agent, and the lenders from time to time party thereto, including any related Notes, guarantees, Security Documents, instruments and agreements executed in connection therewith, and, in each case, as amended, supplemented, restated, modified, renewed, refunded, restructured, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time (including by increasing the amount of available borrowings thereunder or adding Subsidiaries of the Company as additional borrowers and/or guarantors thereunder) and whether by the same or any other agent, lender or group of lenders.

ABL Revolving Facility means, collectively, (i) the Credit Agreement, dated as of August 13, 2009, by and among Stanadyne Intermediate Holding Corp., as parent, Stanadyne Corporation, as borrower, the lenders party thereto from time to time, as lenders, and ▇▇▇▇▇ Fargo Capital Finance, LLC (f/k/a ▇▇▇▇▇ Fargo Foothill, LLC), as the arranger and administrative agent, and (ii) the EXIM Guaranteed Credit Agreement, dated as of August 13, 2009, by and among Stanadyne Intermediate Holding Corp., as parent, Stanadyne Corporation, as borrower, the lenders party thereto from time to time, as lenders, and ▇▇▇▇▇ Fargo Capital Finance, LLC (f/k/a ▇▇▇▇▇ Fargo Foothill, LLC), as the arranger and administrative agent, in each case as the same may be amended, restated, amended and restated, replaced, extended, renewed, refinanced, supplemented or otherwise modified from time to time.

ABL Revolving Facility means that certain revolving credit and guaranty agreement, dated as of August 6, 2004, by and among Stanadyne Corporation, Holdings and certain subsidiaries of Stanadyne Corporation as guarantors, Goldman Sachs Credit Partners L.P., as sole bookrunner, sole lead arranger and syndication agent, The CIT Group/Business Credit, Inc., as administrative agent and collateral agent, and the lenders party thereto, providing for up to $35.0 million of revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case, as amended, supplemented, restated, modified, renewed, refunded, restructured, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.